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Dec 4, 2012
12/12
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he has not been deposited at all on medicare. the president has been specific on all of these things. guest: we had the right and budget, which was very specific on all of these things. -- of the paul reihan budget, which was very positive on all these things. democrats hammered those cuts as a savage. they hammered them again when it came out with reconciliation cuts. we forget that the republicans passed two bills that take care of the fiscal cliff. they extend of the tax cuts and a change the sequestration. the democrats hammer them on that each time. they are not going to give the democrats a chance to hammer them once again. host: our democrats putting deductions and loopholes and specifically on the table? guest: yes, the president has been very specific. he has said, first things first, let's let the high end tax cuts expire and lock in these trillion dollars savings. then he says on deductions, let's cap the major ones, the mortgage interest, the charitable, the state allen local -- and local. the banker's comments of get
he has not been deposited at all on medicare. the president has been specific on all of these things. guest: we had the right and budget, which was very specific on all of these things. -- of the paul reihan budget, which was very positive on all these things. democrats hammered those cuts as a savage. they hammered them again when it came out with reconciliation cuts. we forget that the republicans passed two bills that take care of the fiscal cliff. they extend of the tax cuts and a change...
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Dec 7, 2012
12/12
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of medicare. what is lacking are the revenues. you cannot cut your way to deficit reduction. what does reduce the deficit are jobs, job creation. have the spending cuts, we have the medicare savings, what we need are the revenues. and that is what you have to ask the question, why are we not here to pass the middle income tax cut which unleashes the high end -- increases the high end contribution to the budget talks. why are we not here to pass the middle income tax cut? why are we not here to even debate the middle income tax cut? could it be because the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? as long as they will not touch one hair on the red or get one red scent from the high end we will never have the revenue with the save togs reduce the deficit, to create jobs and grow the economy and improve the lives of the american people. >> [inaudible] as i've cede before than subject, what we want to do is protect the middle class.
of medicare. what is lacking are the revenues. you cannot cut your way to deficit reduction. what does reduce the deficit are jobs, job creation. have the spending cuts, we have the medicare savings, what we need are the revenues. and that is what you have to ask the question, why are we not here to pass the middle income tax cut which unleashes the high end -- increases the high end contribution to the budget talks. why are we not here to pass the middle income tax cut? why are we not here to...
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Dec 1, 2012
12/12
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i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children make up a lot of these credits. which of these are affected by the amount of children you have? guest: some of them do matter. the eitc, there was a law that allowed you to climate for more than three children. that could go away by the end of the year. host: the earned income tax credit specifically. mary from kentucky on the republican line. caller: good morning. we are small business owners. with many of these taxes going up and there are proposals in kentucky to raise some of our state taxes because we have deficits and pension obliga
i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries...
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cutting hundreds of billions of dollars from medicare and medicaid will short change the people who need it the most. so if you don't want seniors to come up empty. call sen. warner and tell him don't make a bad deal that cuts our care. >>> welcome back 6:39. there's a new way to get to the moon if you can afford the astronomical price. they unveiled new company to use existing rockets and a new lunar lander to send expeditions to the moon. it's not cheap. two tickets will set you back $1.4 billion. they hope to make the next expedition in 2020. >> christmas gift for the christmas list? >> i guess, if you have that kind of money, you're willing to take those kind of wild expeditions. >> where else are you going to go? you've probably been everywhere by now. >> i'd want to go somewhere warm. >> the moon isn't hot enough for you? >> i don't know. >> maybe a trip to the sun. coming up at 6:41. >> storm team 4 meteorologist check bell with the forecast. >> eun and richard, good morning to you. >>> it's plenty warm on the moon as long as the sun is out. of course, there's no air to breathe. t
cutting hundreds of billions of dollars from medicare and medicaid will short change the people who need it the most. so if you don't want seniors to come up empty. call sen. warner and tell him don't make a bad deal that cuts our care. >>> welcome back 6:39. there's a new way to get to the moon if you can afford the astronomical price. they unveiled new company to use existing rockets and a new lunar lander to send expeditions to the moon. it's not cheap. two tickets will set you back...
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Dec 4, 2012
12/12
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he has said to trim medicare, but in a modest way. republicans are trying to protect the very popular high- end bush tax cuts. how do they make that up? they cut mortgage deductions that we've been talking about, and medicare. and they want to cut both of those, but it seems they are afraid to say that. if the republicans do not want to let the high end push tax cuts sunset, how will they make up that money? how much from medicare? how much from the mortgage deduction, a charitable deduction? people deserve to know that. host: here is a tweet. we need a flat tax and stop all the flap in. guest: that would be great. we have a flat tax at the heritage foundation. you can see it at the website. there has been an effort in the last couple of weeks to broaden the negotiation to something bigger than a grand bargain. i think that is largely misplaced. let's focus on the issues that are most pertinent right now, which is the expiring tax cuts. let's focus to what matters by the end of the year. host: thank you both for joining us. >> a bunch
he has said to trim medicare, but in a modest way. republicans are trying to protect the very popular high- end bush tax cuts. how do they make that up? they cut mortgage deductions that we've been talking about, and medicare. and they want to cut both of those, but it seems they are afraid to say that. if the republicans do not want to let the high end push tax cuts sunset, how will they make up that money? how much from medicare? how much from the mortgage deduction, a charitable deduction?...
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Nov 30, 2012
11/12
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covered by 90% of insurance plans, including medicare. find your co-pay at myflexpen.com. >>> and now on today's holiday gift guide, what to get the men in your life. maxim editors have done the work for us. >> here's a roundup of some of the best products for men. maxim's editor in chief. joe levy works for you? >> that's right. >> he said it wasn't that way, he said you work for him. just kidding. >> we switch. >> talk to us. >> we've put together a collection of some of the weirdest things out there you can get your guy, or guys, get it yourself. >> where do we start? >> we're going to start off very classy. well, what that says on it, poo-pourie. like i said, very classy. this is a gift for the whole family actually. give the bowl a couple of squirts before business occurs and no one knows what happened. >> what's it smell like? >> it's functional. >> i thought it smelled like it. >> discreet thing called poo on the go. >> chicken wings! >> these are delicious, actually, don't eat them. they are actually soap. check it out. i had four
covered by 90% of insurance plans, including medicare. find your co-pay at myflexpen.com. >>> and now on today's holiday gift guide, what to get the men in your life. maxim editors have done the work for us. >> here's a roundup of some of the best products for men. maxim's editor in chief. joe levy works for you? >> that's right. >> he said it wasn't that way, he said you work for him. just kidding. >> we switch. >> talk to us. >> we've put together...
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Nov 30, 2012
11/12
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.% medicare tax added to it. 3.8%. 0.9%, mr. speaker, that's an increase in the medicare tax on the earned income of these folks. 3.8% increase on the unearned income, 0.9% increase on the earned income. 2.7%, mr. speaker. that's the medicare tax that that top 1% is already paying on all of their earned income today. it's going to go up another .9. they are already paying 2.7. the president says that's not enough. let me do some quick math here. they are only gg to have to pay one, mr. speaker, either the unearned income tax or earned income tax that would be 3.8% either way. they are paying 39.8, plus this 15.3, of course, on all those dollars that are subject to medicare and social security under the cap today, plus another 6% the average rate for state income tax today. let me add those. my home state of georgia, let me come back over here to these middle class taxpayers that appear to be paying 46.3% as a marginal rate of every dollar they earn. back over here to the high income folks, before they pay their payroll taxes, we
.% medicare tax added to it. 3.8%. 0.9%, mr. speaker, that's an increase in the medicare tax on the earned income of these folks. 3.8% increase on the unearned income, 0.9% increase on the earned income. 2.7%, mr. speaker. that's the medicare tax that that top 1% is already paying on all of their earned income today. it's going to go up another .9. they are already paying 2.7. the president says that's not enough. let me do some quick math here. they are only gg to have to pay one, mr. speaker,...
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Dec 6, 2012
12/12
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committee acknowledged quite openly as bad politics for he and democrats to say we are going to cut medicare beneficiaries. he then went on and i think in the end, you can't be president and not be a realist. he said isn't tenable to not cut them because they are driving the budget deficit. the whole entitlement issue is the real core of this problem. a taxing issue, yes. the pyrotechnics. there's the struggle between the republican and democratic view. they all know it's the entitlement issue. so if you, but some some sort of fix, trajectory to make it somehow stable is the real issue. you have something from the boat. >> your books are ultimately about the power, how it's used, squandered, built spirits of the subtext of these events is how life works. and my favorite sentence in the price of politics is when you meet friends -- need friends comments to late to make them. tell us what she learned about washington and life in the grand bargain. what is a hundred your lesson from how bad unravels? >> evening would have been last year? they found a way to postpone everything. again, they can
committee acknowledged quite openly as bad politics for he and democrats to say we are going to cut medicare beneficiaries. he then went on and i think in the end, you can't be president and not be a realist. he said isn't tenable to not cut them because they are driving the budget deficit. the whole entitlement issue is the real core of this problem. a taxing issue, yes. the pyrotechnics. there's the struggle between the republican and democratic view. they all know it's the entitlement issue....
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Nov 29, 2012
11/12
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eye 46
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hearing some ideas and democrats also saying in the white house, we don't really want to deal with medicare but we'll put it on the table, you're hearing some leaders say, and at least talk about some ideas. big difference than this time last year. >> and the outcome affects all americans. tracie potts, thanks for covering it for us. >>> as those negotiations continue, mitt romney will be at the white house today. although it's not the way he hoped for. this will be a private lunch with president obama. the president making good on an election night promise to talk with the former governor and listen to his ideas on how to move the country forward on the economic scene. now, romney also expected to meet with his former running mate, congressman paul ryan, who is right now working on fiscal cliff negotiations on capitol hill. >>> 6:34. this morning we are watching the weather. a live look outside, golden gate bridge and the bay bridge this morning. right now a break in the storm. as one storm ends and another gets ready to ramp up. along with the wind and rain from the first storm came a com
hearing some ideas and democrats also saying in the white house, we don't really want to deal with medicare but we'll put it on the table, you're hearing some leaders say, and at least talk about some ideas. big difference than this time last year. >> and the outcome affects all americans. tracie potts, thanks for covering it for us. >>> as those negotiations continue, mitt romney will be at the white house today. although it's not the way he hoped for. this will be a private...
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Nov 29, 2012
11/12
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CSPAN2
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medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there are commentators on the left that suggest that -- we should not deal with it at all. we have to deal with it. think about the damage -- let's say we could reach an agreement. i happen to believe, i am not an economist by training, but we have been around the south to understand -- that would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technolo
medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there...